Insider Buying: Frank E. Jaumot Purchases 4,023 Shares of Bimini Capital Managment Stock (BMNM)
Bimini Capital Managment (NASDAQ:BMNM) Director Frank E. Jaumot acquired 4,023 shares of the stock in a transaction dated Thursday, September 4th. The shares were purchased at an average cost of $1.71 per share, for a total transaction of $6,879.33. Following the completion of the acquisition, the director now directly owns 531,827 shares in the company, valued at approximately $909,424. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Bimini Capital Managment (NASDAQ:BMNM) opened at 1.70 on Friday. Bimini Capital Managment has a 52-week low of $0.11 and a 52-week high of $1.86. The stock’s 50-day moving average is $1.1 and its 200-day moving average is $0.78. The company has a market cap of $21.0 million and a P/E ratio of 3.35.
Bimini Capital Management, Inc (NASDAQ:BMNM) is organized and operates as a real estate investment trust (REIT).
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